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Investment in Hotel Properties, Net | 6 Months Ended
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Jun. 30, 2024
Real Estate [Abstract] |
Investment in Hotel Properties, Net | 3. Investment in Hotel Properties, Net Investment in hotel properties, net as of June 30, 2024 and December 31, 2023 consisted of the following:
|  | June 30, 2024 |  |  | December 31, 2023 |
Land and land improvements |  | $ | 61,217,987 |  |  | $ | 61,114,486 |
Buildings and improvements |  |  | 426,106,634 |  |  |  | 418,833,706 |
Right of use assets |  |  | 4,649,280 |  |  |  | 4,733,406 |
Furniture, fixtures and equipment |  |  | 49,552,479 |  |  |  | 51,501,629 |
|  |  | 541,526,380 |  |  |  | 536,183,227 |
Less: accumulated depreciation |  |  | (190,338,841 | ) |  |  | (181,264,121 | )
Investment in Hotel Properties, Net |  | $ | 351,187,539 |  |  | $ | 354,919,106 |

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 974 -SubTopic 720 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477728/974-720-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 976 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/976/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 978 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/978/tableOfContent Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 970 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/970/tableOfContent Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 972 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/972/tableOfContent Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 974 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/974/tableOfContent + Details
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